Business news from Ukraine

Business news from Ukraine

Norway allocates $103 mln to Ukraine for electricity supply

16 June , 2024  

Norway said it has already decided that 120 million kroner out of 1.1 billion kroner will be used for repairs in Kharkiv region, which has been particularly hard hit by Russian attacks recently.

Norway will provide 1.1 billion kroner ($103 million) to Ukraine to repair the country’s energy infrastructure and ensure the country’s power supply before next winter, the country announced on Sunday, June 16. “Russia is conducting massive, systematic attacks to paralyze the energy system, but Ukrainians are working day and night to provide electricity to the population,” Prime Minister Jonas Gara Storé said in a statement.

According to new estimates, more than 50% of Ukraine’s power generation capacity has been destroyed, the government said. “We are in close dialog with Ukraine on how it can make the most efficient use of these funds. The Ukrainians themselves understand what is needed best,” Støre said, adding that it is important to start repairing the infrastructure before the onset of winter.

Norway said that it has already decided that 120 million kroner will be spent on repairs in the Kharkiv region, which has been particularly hard hit by Russian attacks recently. The solar panels will be installed in seven maternity hospitals and operating rooms in the Kharkiv region, Støre said in a statement released during his participation in the Ukraine peace summit in Switzerland.

Norway has allocated 2.1 billion kroner to the Ukrainian energy sector in 2022, and 1.9 billion kroner last year. The Scandinavian country has pledged 75 billion kroner in military and civilian aid to Ukraine for the five-year period 2023-2027, with funds to be allocated each year according to Ukraine’s needs.

Source: https://www.lemonde.fr/en/international/article/2024/06/16/norway-gives-103-million-to-ukraine-to-secure-electricity_6674925_4.html

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